$3,650,000
PENDING $145K PRICE DROP

Estimated payment $21,608/month

Total Views 3,724
9 Beds
12 Baths
5,022 Sq Ft
$727 Price per Sq Ft

Highlights

  • Newly Remodeled
  • Solar Power System
  • Modern Architecture
  • Madison Elementary School Rated A+
  • Wood Flooring
  • 5-minute walk to Dale Page Park

About This Home

Stunning 5-unit income property in highly desirable North Redondo Beach. This property is the epitome of sleek, modern coastal living. Units A, B & C have been completely remodeled. Original building was taken down to the studs and completely rebuilt including a new roof. Units D & E are brand new construction, completed in 2024. Units are eco-friendly with central heating & air, solar power and electric hookups for cars. Hardwood flooring throughout with in-unit stacked laundry, and gourmet kitchens featuring Caesarstone countertops and top of the line appliances and fixtures with designer finishes. Property has been meticulously maintained with all five units fully occupied. Tenants are all responsible professionals and there is an excellent property manager currently in place. This is a prime turnkey investment opportunity in a building with close proximity to the beach, shopping and dining, and the bike path is right down the street. Adjacent property is a triplex under the same ownership and also available for purchase. Both properties are ideal for owner/user occupancy.

Listing Agent

Jennifer Westbay

Coldwell Banker Realty License #02221413 Listed on: 05/19/2025

Coldwell Banker Realty

Co-Listing Agent

Julie Lovett

Coldwell Banker Realty License #00803205

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,640

Year Built

  • Built in 1957 | Newly Remodeled

Home Design

  • Modern Architecture
  • Split Level Home

Interior Spaces

  • 5,022 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 5 Parking Spaces
  • Driveway
  • Assigned Parking

Additional Features

  • Solar Power System
  • 7,448 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 3 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4153-015-038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,640

Year Built

Built in 1957 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Modern
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 5022
  • Lot Acreage: 0.1710
  • Property Condition: New Construction, Updated/Remodeled
  • Stories: 2
  • Year Built: 1957
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 9
  • Laundry: In Unit, Laundry Closet Stacked
  • Total Bathrooms: 12.00
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Microwave, Washer, Refrigerator, Solar Panels, Range/Oven
  • Price Per S Q F T: 726.80

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway, Assigned
  • Total Parking: 5

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 25.00
  • Assessed Improvement Value: 424483
  • Assessed Land Percent: 75
  • Assessed Land Value: 1273449
  • Total Assessed Value: 1697932
  • Assessor Parcel Number: 4153-015-038
  • Lot Size Area: 7448

Rental Info

  • Total Actual Rent: 269400.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 13.55
  • Number Of Units: 5
  • Total Annual Expense: 75240.50
  • Type Of Units: Various
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,640 $22 $22 --
2024 $20,640 $1,697,932 $1,273,449 $424,483
2023 $19,283 $1,664,640 $1,248,480 $416,160
2022 -- -- -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 Pending -- -- --
06/14/2025 06/14/25 Price Changed $3,650,000 -3.8% $727 / Sq Ft
05/19/2025 05/19/25 For Sale $3,795,000 +137.2% $756 / Sq Ft
05/18/2021 05/18/21 Sold $1,600,000 +6.7% $842 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
01/26/2021 01/26/21 For Sale $1,500,000 -- $789 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,600,000 Chicago Title
Quit Claim Deed -- Chicago Title
Grant Deed $1,600,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 New Conventional
Previous Owner $1,000,000 New Conventional
Source: Public Records

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Source: The MLS

MLS Number: 25539909

The MLS

APN: 4153-015-038